Thursday, February 11, 2010

Today's Market

A.) Note the price bars are incredibly weak. In the last four days, we've had one hanging man and two spinning tops.

B.) The EMA picture is weak. The shorter EMAs are below the longer EMAs, all the EMAs are moving lower and prices are below all the EMAs.

C.) Prices overall are weak.

D.) Momentum has left the market, and

E.) Some money has left the market, although it's not a huge amount (yet).